| U.S. Congressional Tipoffs Involving Oklahoma Newsletter for Wednesday February 15, 2023 ( 1 items ) |
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Lankford Wants to Stop Federal Subsidies to Professional Sports Stadiums
WASHINGTON, Feb. 15 -- Sen. James Lankford, R-Oklahoma, issued the following news release:
Senators James Lankford (R-OK) and Cory Booker (D-NJ) introduced the No Tax Subsidies for Stadiums Act, a bill to end generous federal subsidies for professional sports stadiums. The bill would close a loophole in the tax code that allows professional sports teams to finance new stadiums with municipal bonds that are exempt from federal taxes. Rep. Earl Blumenauer (D-OR) is leading the bill's introduction
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